SR-NASD-2001-022

Revisions to Series 26 Examination Program; Immediate Effectiveness Requested

NASD Regulation, Inc., has filed with the SEC revisions to the examination specifications and study outline for the Investment Company Products/Variable Contracts Limited Principal (Series 26) examination program. The proposed revisions would update the material to reflect changes to the rules, regulations, and practices covered by the examination. The proposed revisions are reflected in the question bank for the Series 26 examination and are available for Commission review. NASD Regulation is not proposing any textual changes to the By-Laws, Schedules to the By-Laws, or Rules of NASD Regulation or the National Association of Securities Dealers, Inc.